When: Tuesday, March 28th, 2017
9 - 5 PM
Where: School of Advanced International Studies at
Johns Hopkins University
1619 Massachusetts Ave NW
Washington, DC 20036
Recent discoveries of oil and gas across East Africa over the last decade have catapulted the region as the new frontier for hydrocarbons. A surge in investment and prospecting appetite was met with an increase in promises for accelerated growth and economic prosperity. Prospective extractive projects could spell billions of dollars in government revenue which, if managed responsibly, could finance much needed infrastructure, social services and ultimately transform the region. Yet since major discoveries in Kenya, Uganda, Tanzania and Mozambique were announced, oil and gas prices stagnated and the once-promising investments suddenly seemed doubtful.
Since Oxfam and the Brookings Institute hosted its multi-panel event, "East Africa's Oil and Gas Boom - Promise and Peril," in March 2014 there have been significant political and economic changes both in the region. Such changes warrant a critical analysis of their policy implications for the future of these East African countries. With the current uptick and recovery of oil and gas prices, the region is poised for accelerated investment yet again and the timing is ripe for an evaluation of policy development and existing gaps in the region.
This all-day event will focus on recent political and economic changes in East Africa and its implications on oil and gas development. By bringing together representatives from government, private sector, civil society, media and the international donor community, it seeks to review what progress has been achieved in the last few years and what governance challenges lay ahead. More specifically, discussions will center upon:
• Highlighting critical oil and gas governance issues currently affecting East Africa including oil and gas revenue management, managing expectations through commodity cycles, social and environmental impacts, public debt management, domestic resource mobilization
• Examining the role of international community in influencing policy development and strengthening institutions for responsible oil and gas management in East Africa
• Engaging academics, civil society and community leaders, government and private sector in a multi-disciplinary conversation to identify common challenges and solution
• Promoting a more informed and engaged public discourse of EI issues in East Africa on an international scale
Event jointly sponsored by Oxfam America &
African Studies, School of Advanced International Studies at
Johns Hopkins University